City Co-operative Bank Ltd., Hassan, Karnataka

RBI imposed a Rs 50,000 penalty on The City Co-operative Bank, Hassan, Karnataka for KYC non-compliance. The bank had failed to upload customer KYC records to CKYCR on time.

The bank must absorb the penalty and continue complying with RBI’s KYC and CKYCR requirements. The action does not, by itself, restrict operations or customer activity, but RBI has stated that the penalty is without prejudice to any other action it may initiate.

• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI has imposed a ₹50,000 penalty on City Co-operative Bank Ltd., Hassan for violating norms on loans to directors or their specified relatives.

The bank must absorb the ₹50,000 penalty and remain compliant with RBI norms on lending to directors and related parties. The action does not itself impose an operational restriction, but it signals regulatory scrutiny of governance and lending-practice compliance.

• Section 47 A
• Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)

RBI imposed a ₹50,000 penalty on City Co-operative Bank Ltd., Hassan, Karnataka. The penalty was for violating SAF instructions issued under the Banking Regulation Act.

The bank must absorb the monetary penalty; no additional restriction, cancellation, or suspension is described in this release. The action is adverse only in the form of the fine, with no forward-looking operational cap stated for customers or counterparties.

• Section 47 A (1) (c) read with Section 46 (4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies)
• Section 36(1) of the Banking Regulation Act, 1949 (AACS)